Description
NSE announces listing of 908,149 units of Groww Nifty Next 50 ETF effective August 26, 2025 with designated symbol GROWWNXT50.
Summary
NSE has announced the listing of units issued by Groww Asset Management Limited for the Groww Nifty Next 50 ETF, effective from August 26, 2025. A total of 908,149 units with face value of Rs. 10/- each will be available for trading under the symbol GROWWNXT50 with ISIN INF666M01LZ8.
Key Points
- 908,149 units of Groww Nifty Next 50 ETF to be listed on NSE
- Trading symbol: GROWWNXT50
- Face value: Rs. 10/- per unit
- Issue price: Rs. 67.63
- Market lot size: 1 unit
- Two designated market makers: East India Securities (TM code: 08134) and Kanjalochana Finserve Private Ltd. (TM code: 90246)
Regulatory Changes
No regulatory changes announced. This is a standard listing notification under existing NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- Securities will be identified by designated codes for trading purposes
- Trading must be conducted in specified lot sizes as per NSE regulations
- Market makers must maintain orderly trading in the ETF
Important Dates
- Effective Date: August 26, 2025 - Trading commences for Groww Nifty Next 50 ETF units
Impact Assessment
This listing expands investment options for retail and institutional investors seeking exposure to Nifty Next 50 index through an ETF structure. The presence of two market makers should ensure adequate liquidity. Limited immediate market impact expected as this is a new product launch rather than a change to existing securities.
Impact Justification
New ETF listing provides additional investment options but limited immediate market impact